Insurance Classes in Kenya
Insurance in Kenya is regulated by the Insurance Regulatory Authority (IRA) under the Insurance Act, Cap 487. The Act divides cover into 37 distinct classes - 8 long-term (life) classes and 29 general classes. Pick a class below to see what it covers and which Kenyan insurers are licensed for it.
Long-term insurance (Life) - Classes 01–08
Class 01
Bond Investment Business
Long-term investment-savings contracts issued by Kenyan life insurers under IRA Class 01.
Class 02
Ordinary Life Assurance
Individual life cover - term, whole-life and endowment policies - under IRA Class 02.
Class 03
Group Life Assurance
Employer-sponsored lump-sum life cover for staff under IRA Class 03.
Class 04
Group Credit Life
Outstanding-loan cover for borrowers in a lending group under IRA Class 04.
Class 05
Pensions Business
Personal pension and deposit administration schemes under IRA Class 05.
Class 06
Annuities
Lifetime monthly income paid by an insurer in exchange for a lump sum, under IRA Class 06.
Class 07
Permanent Health
Long-term income replacement on disability or critical illness under IRA Class 07.
Class 08
Investment-Linked
Unit-linked life-savings contracts whose value tracks investment funds, under IRA Class 08.
General insurance - Classes 09–37
Class 09
Aviation Insurance
Aircraft hull, liability and aviation operations cover under IRA Class 09.
Class 10
Engineering Insurance
Contractors all-risk, plant and machinery breakdown cover under IRA Class 10.
Class 11
Fire (Domestic)
Fire cover for residential homes and contents under IRA Class 11.
Class 12
Fire (Industrial)
Fire cover for commercial and industrial property under IRA Class 12.
Class 13
Liability Insurance
Public, products and professional indemnity liability cover under IRA Class 13.
Class 14
Miscellaneous
General miscellaneous accident cover under IRA Class 14.
Class 15
Motor Private
Third-party and comprehensive cover for private vehicles under IRA Class 15.
Class 16
Motor Commercial
Cover for goods-carrying and commercial-use vehicles under IRA Class 16.
Class 17
Motor Public Service Vehicles (PSV)
Cover for matatus, buses and taxis under IRA Class 17.
Class 18
Personal Accident
Lump-sum and weekly benefits for accidental death and injury under IRA Class 18.
Class 19
Medical Insurance
Inpatient, outpatient, dental and optical health cover under IRA Class 19.
Class 20
Marine Insurance
Cargo, hull and marine liability cover under IRA Class 20.
Class 21
Theft / Burglary
Burglary and housebreaking cover under IRA Class 21.
Class 22
Workmen's Compensation (WIBA)
Statutory cover for work-related injury, illness and death under IRA Class 22.
Class 23
Agriculture Insurance
Crop, livestock and fish-farming insurance under IRA Class 23.
Class 24
Micro Insurance
Low-premium, low-cover insurance for low-income households under IRA Class 24.
Class 25
Political Violence & Terrorism
Cover for losses caused by riots, strikes and terrorism under IRA Class 25.
Class 26
Energy & Oil
Specialty cover for upstream, midstream and downstream oil and energy operations under IRA Class 26.
Class 27
Construction Insurance
Specialist construction-project cover (CAR/EAR plus liabilities) under IRA Class 27.
Class 28
Asset Finance Insurance
Cover for assets financed through loans, leasing or hire-purchase under IRA Class 28.
Class 29
Bond / Guarantee
Bid, performance, advance-payment and customs bonds under IRA Class 29.
Class 30
Cyber Insurance
Cover for cyber attacks, data breaches and digital business interruption under IRA Class 30.
Class 31
Trade Credit Insurance
Cover for non-payment by buyers on credit sales under IRA Class 31.
Class 32
Professional Indemnity
Negligence and errors-and-omissions cover for professionals under IRA Class 32.
Class 33
Directors' & Officers' Liability
Personal liability cover for directors and officers under IRA Class 33.
Class 34
Kidnap & Ransom
Crisis-response cover for kidnap, ransom and extortion under IRA Class 34.
Class 35
Weather & Climate Risk
Parametric and index-based weather risk cover under IRA Class 35.
Class 36
Title Insurance
Cover for defects in property title and ownership disputes under IRA Class 36.
Class 37
Miscellaneous Financial Loss
Catch-all cover for niche financial losses under IRA Class 37.